Did Mario Draghi Just Leak The Bazooka? Two-Tiered NIRP System May Presage Big Rate Cut
by Tyler Durden
ZeroHedge.com
11/25/2015
With the ECB’s December meeting just one week away, Mario Draghi and co. are still debating how best to package a new round of easing measures. As Reuters reports, the central bank is considering a tiered system for the application of negative rates in an effort to mitigate the effect on banks. Translation: the ECB may be preparing to “overwhelm” with an even larger cut to the already negative depo rate that analysts were expecting.
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